Forex News

Key information updates for profitable trading

API estimates suppress crude in Asia
API estimates suppress crude in Asia

On Wednesday, crude went down in Asia because gloomy US industry inventory estimates affected market sentiment and attention is shifting to an OPEC gathering in Vienna on oil output curb extensions…

Gold rebounds from 6-week maximums ahead of Powell hearing
Gold rebounds from 6-week maximums ahead of Powell hearing

On Tuesday, gold declined, rebounding from the previous session's six-week maximum because market participants waited for comments from the next governor of the Fed for new clues on the probable trajectory of US monetary policy…

Crude goes down on pipeline restart
Crude goes down on pipeline restart

On Tuesday, crude sank in Asia amid uncertainty as for a probable extension of output cuts by key oil producers as well as expectations of higher supply because the Keystone pipeline restarts…

Gold heads north
Gold heads north

On Monday, gold rallied because market participants looked ahead to a busy week of Fed speakers for new clues on the probable trajectory of monetary policy…

Crude is still backed
Crude is still backed

On Friday, oil was still underpinned amid everlasting optimism as for the rebalancing of the crude market, while the partial closure of the major North-American pipeline generated supply disruption worries…

Gold is nearly intact
Gold is nearly intact

On Friday, gold was nearly intact because the US currency started mildly recovering from steep losses demonstrated in the previous trading session…

Gold declines due to Thanksgiving Day
Gold declines due to Thanksgiving Day

On Thursday, gold sagged in holiday-thinned trade, although losses were capped by rumors that the major US bank might not tighten American policy as mawkishly as previously anticipated…

Crude is firm on anticipated OPEC cut extension
Crude is firm on anticipated OPEC cut extension

On Wednesday, crude rallied after a reported dive in American crude inventories and also on hopes that an OPEC-led output cut aimed at tightening the crude market is going to be extended beyond next March…

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